KyberSwap Elastic (Polygon)
Kyberswap has been exploited. All users are advised to promptly withdraw their funds. Find the announcement here.
About KyberSwap Elastic (Polygon)
What KyberSwap Elastic (Polygon)?
KyberSwap Elastic (Polygon) is an upgrade to the existing protocol known as KyberDMM (now KyberSwap Classic). The new protocol inherits all the KyberSwap Classic strengths, while introducing concentrated liquidity.
As a tick-based automated market maker (AMM), the protocol allows liquidity providers (LPs) to supply liquidity to an Elastic pool using a custom price range of their choice. LPs can either set a narrow or a wide price range that accommodates riskier tokens and markets. The protocol also features a Reinvestment Curve that compounds fees by automatically reinvesting the fee earnings of LPs back into the liquidity pool.